LYC.AX vs. MP

Last updated Apr 1, 2026

Compare and contrast key facts about Lynas Rare Earths Limited (LYC.AX) and MP Materials Corp. (MP).

Performance

LYC.AX vs. MP - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Lynas Rare Earths Limited (LYC.AX) and MP Materials Corp. (MP). The values are adjusted to include any dividend payments, if applicable.

LYC.AX vs. MP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LYC.AX Lynas Rare Earths Limited	52.41%	93.47%	-10.20%	-8.79%	-22.81%	155.53%	110.70%
MP MP Materials Corp.	-7.76%	200.33%	-13.50%	-18.18%	-43.01%	49.47%	188.99%

Different Trading Currencies

LYC.AX is traded in AUD, while MP is traded in USD. To make them comparable, the MP values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, LYC.AX achieves a 52.41% return, which is significantly higher than MP's -7.76% return.

LYC.AX

• 1D: -3.85%
• 1M: -0.11%
• YTD: 52.41%
• 6M: 12.79%
• 1Y: 174.38%
• 3Y*: 44.07%
• 5Y*: 25.21%
• 10Y*: 37.78%

MP

• 1D: 4.90%
• 1M: -22.26%
• YTD: -7.76%
• 6M: -31.71%
• 1Y: 74.11%
• 3Y*: 18.31%
• 5Y*: 8.63%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

LYC.AX vs. MP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LYC.AX

LYC.AX Risk / Return Rank: 91
LYC.AX Sharpe Ratio Rank: 96
LYC.AX Sortino Ratio Rank: 93
LYC.AX Omega Ratio Rank: 92
LYC.AX Calmar Ratio Rank: 90
LYC.AX Martin Ratio Rank: 86

MP

MP Risk / Return Rank: 75
MP Sharpe Ratio Rank: 76
MP Sortino Ratio Rank: 82
MP Omega Ratio Rank: 75
MP Calmar Ratio Rank: 74
MP Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LYC.AX vs. MP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lynas Rare Earths Limited (LYC.AX) and MP Materials Corp. (MP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	LYC.AX	MP	Difference
Sharpe ratio Return per unit of total volatility	2.90	0.83	+2.07
Sortino ratio Return per unit of downside risk	3.23	1.97	+1.26
Omega ratio Gain probability vs. loss probability	1.42	1.22	+0.20
Calmar ratio Return relative to maximum drawdown	3.86	1.23	+2.63
Martin ratio Return relative to average drawdown	8.35	2.30	+6.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LYC.AX vs. MP - Sharpe Ratio Comparison

The current LYC.AX Sharpe Ratio is 2.90, which is higher than the MP Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of LYC.AX and MP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LYC.AX	MP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.90	0.83	+2.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.13	+0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.45	-0.44

Correlation

The correlation between LYC.AX and MP is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

LYC.AX vs. MP - Dividend Comparison

Neither LYC.AX nor MP has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

LYC.AX vs. MP - Drawdown Comparison

The maximum LYC.AX drawdown since its inception was -99.61%, which is greater than MP's maximum drawdown of -79.18%. Use the drawdown chart below to compare losses from any high point for LYC.AX and MP.

Drawdown Indicators

	LYC.AX	MP	Difference
Max Drawdown Largest peak-to-trough decline	-99.61%	-81.99%	-17.62%
Max Drawdown (1Y) Largest decline over 1 year	-43.67%	-53.79%	+10.12%
Max Drawdown (5Y) Largest decline over 5 years	-51.45%	-81.99%	+30.54%
Max Drawdown (10Y) Largest decline over 10 years	-64.59%	—	—
Current Drawdown Current decline from peak	-26.07%	-51.08%	+25.01%
Average Drawdown Average peak-to-trough decline	-63.84%	-42.80%	-21.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.18%	28.20%	-8.02%

Volatility

LYC.AX vs. MP - Volatility Comparison

Lynas Rare Earths Limited (LYC.AX) has a higher volatility of 20.67% compared to MP Materials Corp. (MP) at 19.09%. This indicates that LYC.AX's price experiences larger fluctuations and is considered to be riskier than MP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LYC.AX	MP	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.67%	19.09%	+1.58%
Volatility (6M) Calculated over the trailing 6-month period	47.35%	55.51%	-8.16%
Volatility (1Y) Calculated over the trailing 1-year period	60.05%	95.98%	-35.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.80%	66.70%	-20.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.29%	69.99%	-14.70%

Financials